Larry Summers on Trump, Tariffs, and Threats to the Economy

Larry Summers on Trump, Tariffs, and Threats to the Economy

Where do things stand a month after Trump's “Liberation Day” tariffs and the announcements that have followed?

In a thoughtful and wide-ranging Conversation, former Treasury Secretary Lawrence H. Summers shares his perspective on the economic and political consequences of the tariffs—and the threats to financial markets.

According to Summers, our difficulties now go beyond any individual economic policy pronouncement by the Trump administration: “The issue is becoming, in a meta sense, confidence in the United States. When people go in and out of being confident in you, that is alarming. It’s the kind of thing that in a developing country, you’d ask yourself whether they’re going to have to have an IMF program within a few months. We’re too big for an IMF program, but we're at risk of a major kind of a financial incident.” Warning that the administration already has “done a substantial amount of damage,” Summers argues that “we may work our way through this, but only if there’s very substantial alarm and very substantial reversal.”


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Eric Edelman on Trump in the Middle East—and a Dangerous World

Eric Edelman on Trump in the Middle East—and a Dangerous World

What have we learned so far about Donald Trump’s approach to the Middle East in his second term?In this Conversation, Eric Edelman, former ambassador to Turkey and Finland and Under Secretary of Defen...

21 Maj 20251h 9min

John Bolton on the Trump White House after 100 Days

John Bolton on the Trump White House after 100 Days

What have we learned about the White House in Trump's second term? How are decisions made in the most consequential areas of national security?During the past week, Trump fired National Security Advis...

6 Maj 202553min

Jason Furman on the Trump Tariffs and the US Economy

Jason Furman on the Trump Tariffs and the US Economy

What are the likely effects of Trump’s tariffs, and what do they mean for the US economy?  To discuss, we are joined again by Harvard economist Jason Furman, who was Chairman of the Council of Economi...

9 Apr 202544min

A.B. Stoddard on Trump’s Second Term

A.B. Stoddard on Trump’s Second Term

Where do things stand five months after Election Day?   According to veteran reporter and commentator A.B. Stoddard, Trump’s second term has been far more radical than many anticipated. As she puts it...

3 Apr 20251h 12min

Steve Vladeck on the Trump Administration, the Courts, and the Rule of Law

Steve Vladeck on the Trump Administration, the Courts, and the Rule of Law

Where do things stand fifty days into Trump’s second term?  According to Georgetown Law professor Steve Vladeck: “We’ve never seen such a wholesale attempt on the part of a president [to] hollow out t...

13 Mars 20251h 11min

Anne Applebaum: Ukraine, Europe, and the US

Anne Applebaum: Ukraine, Europe, and the US

Where do things stand on the third anniversary of the war in Ukraine? What is the situation in European politics after the German elections? How should we think about the continued challenge of counte...

25 Feb 202547min

Renée DiResta on Social Media, Political Power, and Elon Musk

Renée DiResta on Social Media, Political Power, and Elon Musk

What is the role of social media in our politics today? To discuss, we are joined by Renée DiResta, a leading analyst of the internet and its effects on politics and society. As DiResta explains, soci...

14 Feb 20251h 10min

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